Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0143%/8h= −15.7% APRpaid last 24h −0.046%

Price spread now: Hotstuff against Gate+0.089%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.089% dearer against Gate than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,457	0.0063	pay 0.0063% / 8h	3h 12m	$49.7M	$187.8M	75x
Short	Hotstuff ZEC-PERP	1,458.3	−0.0080	pay 0.0010% / 1h	12m 27s	$6K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee HotstuffbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$30.03
Price spread: +0.089% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$41.18
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	0.93 bp	11.3 bp −$11	17.8 bp −$178	25.4 bp −$2,537	51.8 bp −$25.9K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3181%	1h	1,449.8	−0.492%	$33K	$159K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,458.3	+0.089%	$6K	$2K	10x
Variational Omni ZEC	−0.0063%	8h	1,463	+0.411%	$47.2M	$31.2M	—	as long as short
BloFin ZEC-USDT	−0.0059%	8h	1,457.7	+0.047%	$29.4M	$77.4M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0053%	1h	1,457.8	+0.054%	$17.7M	$45.7M	25x	as long as short
Bybit ZECUSDT	−0.0040%	8h	1,457.2	+0.012%	$272.7M	$689.8M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0001%	8h	1,458.3	+0.086%	$281K	$1.5M	20x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.9	−0.003%	$410K	$107K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.7	+0.120%	$974K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457.3	+0.018%	$83K	$400K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,458.4	+0.094%	$574K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.3	+0.159%	$5.2M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0026%	8h	1,457.4	+0.030%	$173.8M	$1.39B	50x	as long as short
Aster ZECUSDT	+0.0036%	8h	1,456.8	−0.010%	$15.0M	$35.2M	75x	as long as short
Phoenix ZEC	+0.0045%	1h	1,461.9	+0.338%	$4.6M	$1.5M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0050% / S +0.0060%	1h	1,459.1	+0.147%	$549K	—	100x	as long as short
ApeX Omni ZECUSDT	+0.0059%	1h	1,463	+0.412%	$726K	$605K	50x	as long as short
Gate ZEC_USDTlong	+0.0063%	8h	1,457	long leg	$49.7M	$187.8M	75x
MEXC ZEC_USDT	+0.0078%	8h	1,456.5	−0.034%	$219.8M	$944.9M	150x	as long as short
Binance ZECUSDT	+0.0080%	8h	1,458.6	+0.110%	$666.6M	$2.58B	75x	as long as short
Katana Perps ZEC-USD	+0.0094%	8h	1,459.2	+0.151%	$10K	$883K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,458.7	+0.118%	$178K	$2.0M	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0098%	1h	1,461.5	+0.310%	$397K	$523K	5x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,456.9	−0.007%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458	+0.071%	$3.0M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.3	+0.090%	$756.8M	$517.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456.6	−0.024%	$1.6M	$3.2M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.9	+0.541%	$903K	$32K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.1	+0.004%	$103.0M	$58.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.6	+0.043%	$169.5M	$316.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,455.8	−0.082%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.7	+0.051%	$2.4M	$3.9M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.310%	$491K	$10.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.8	+0.327%	$3.0M	$514K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459.5	+0.170%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,458.3	+0.090%	$310K	$2.3M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.8	+0.058%	$128K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.7	−0.019%	$443K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462	+0.345%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.8	+0.058%	$223K	$4.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.2	+0.086%	$2.4M	$25.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.6	+0.040%	$3.7M	$5.8M	50x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,459	+0.139%	$8K	$10K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458	+0.067%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0138%	1h	1,458	+0.068%	$864K	$2.6M	10x	as long as short
Lighter RH ZEC	+0.0160%	1h	1,458.1	+0.077%	$1.9M	$8.4M	10x	as long as short
Lighter ZEC	+0.0216%	1h	1,458	+0.067%	$19.0M	$55.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,460.3	+0.230%	$3.7M	$11.8M	50x	as long as short
Aftermath Perps ZECUSD	+0.0453%	1h	1,463.5	+0.443%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0538%	1h	1,459.3	+0.160%	$743K	$7.7M	10x	as long as short
Extended ZEC-USD	+0.0992%	1h	1,456.8	−0.015%	$3.5M	$6.8M	10x	as long as short